With rapidly declining natural environments comes new opportunity for the inhabitants of these ecologically endangered regions – capitalist opportunity. Granted that the majority of areas facing habitat loss are located away from the general public and therefore relatively unknown, theses sites are in serious danger of falling completely out of existence. There is however a solution that could both preserve the natural wonders of the world and profit the keepers of them.
Now everyone, most especially private individuals without access to banking services, can open an account and have a simple and safe method of payment…
Lemon Way solutions already enable millions of users to do their shopping (food, taxis etc) and transfer money to their friends and families…
||Wind turbines could also provide drinking water in humid climates following a breakthrough by a French engineering firm.
Eole Water modified your typical electricity-generating turbines to allow them to distill drinking water out of the air in a bid to help developing countries solve their water needs.
A prototype in Abu Dhabi already creates 62 litres of water an hour, and Eole hopes to sell turbines generating a thousand litres a day later this year.
||Government has set aside a basket fund of about Rwf400 million to cater for scientific innovations, especially in the areas of Information Communication Technology (ICT), Agriculture and Manufacturing. The fund, known as Rwanda Innovation Endowment Fund (RIEF), was initiated by the Ministry of Education in partnership with the United Nations Economic Commission for Africa (UNECA) sub regional office under the One UN Rwanda. It will support projects that promote innovations in science, technology and research which could transform the social and economic development of the country.|
Milford Bateman has made a cogent case for community-based financial institutions that prioritise sustainable local solutions. Milford Bateman is perhaps best known for his strident attacks on microfinance as an anti-poverty strategy, including his sometimes acrimonious debates with David Roodman, another microfinance analyst. Bateman claims that, by diverting resources away from more productive investments and indebting poor people with no significant return, the microfinance "fad" has been anti-developmental, benefiting lenders most.
Some 15,400 kilometers away from Vancouver, B.C., farmers in the southern African nation of Zambia have seen their crop yields improve thanks in part to a small group of Canadian engineers.
Read more: http://www.vancouversun.com/Engineering+students+encouraged+think+globally/6232493/story.html#ixzz1oSpxEsW4
||Gabby Logan presents the Radio 4 Appeal on behalf of the MicroLoan Foundation. The MicroLoan Foundation is a specialist ‘not for profit’ UK microfinance charity that provides microfinance (small loans of on average £70), business education and ongoing mentoring support to impoverished women in sub-Saharan Africa. This provides them with a “hand-up not a hand-out” so they can develop self-sustainable livelihoods for themselves and their families, and work their own way out of poverty. 99% of the loans are repaid and then recycled in full to help more women year after year.
||“Do microloans work?” strikes Lilian Simbaqueba as an odd question. If they’re administered properly, they should. That’s what her company, LiSim, is in the businesses of doing. Started in 1996, LiSim is a risk-analysis company based in Bogota, Colombia that uses statistics and behavioral analysis to determine the inherent risk in granting credit to a given client. It offers outsourcing services to clients interested in developing credit scoring systems as well as selling software for a client to use in-house.
|. The first African woman to be awarded the Nobel Peace Prize, environmentalist Wangari Maathai, has died aged-71 in Nairobi after a long battle with cancer. Matthai became a key figure in Kenya after founding her Green Belt Movement in 1997 which campaigned for environmental conservation and good governance. In recent years, Maathai founded green groups and launched several campaigns against climate change and for environmental protection. Her organization planted some 40 million trees across Africa.|
Women account for 75 percent of the agricultural producers in sub-Saharan Africa, but the majority of women farmers are living on only $1.25 per day, according to researchers from the Worldwatch Institute. Despite the challenging circumstances that women in developing countries face, important innovations in communications and organizing are helping women play a key role in the fight against hunger and poverty. "Access to credit, which provides women farmers with productive inputs and improved technologies, can be an effective tool in improving livelihoods in Africa and beyond," said Worldwatch Institute's executive director Robert Engelman.
The Sun is reporting that animal behavior experts have kindly handed out iPads to Gorillas. Amazingly not a SINGLE one of the five tablets which download apps has been broken since being given out at Port Lympne wild animal park three weeks ago.
LinkedIn founder Reid Hoffman gave a speech today about how entrepreneurs can “invent the future”. Speaking at the South by Southwest Interactive conference in Austin, he recited a list of 10 rules of entrepreneurship.
Since launching in late 2008, deal-of-the-day website Groupon has emerged as one of the hottest web startups on the planet. Serving more than 250 markets worldwide and boasting more than 35 million users, Groupon is the poster child for a rapidly growing company. One of the reasons Groupon has continued to succeed and expand over the past two and a half years is because the company has managed to keep the pace with its business. Tracking deal performance across locations and business types is an important part of Groupon’s business. Groupon uses a number of different tracking solutions so that it can generate internal reports, as well as offer reports to business owners.
The bicycle has become a symbol of hope for hundreds of women in Uganda who have been trained in repairing one of life’s favorite transport modes. More than two hundred women from around the Bwindi National Park, in the country's southwest, have been taking part in a two-week course on bicycle repair, organised by the group Ride 4 a Woman.
With the first official purging of the microfinance sector in 2010, four years after the introduction of the microfinance policy in Nigeria, depositors of the closed banks can now heave sighs of relief as the Nigeria Deposit Insurance Corporation (NDIC) has concluded payment of the first batch of depositors.
64.6% of black Americans and 32.7% whites will face poverty, study says
rise of entrepreneurial innovations that use mainstream financial instruments to facilitate social development.
Corporate social investment (CSI) experts predict that a growing merger between social entrepreneurship and CSI will be one of the world's top trends in the future.
Information Systems specializes in development of software for the financial institutions, offering multi-currency and multi-lingual banking systems with a large variety of modules, based on the latest technologies. We install and support turn-key international Banking Software and Microfinance Software solutions for retail banks, commercial banks, Internet banks and microfinance banks.
US$2.3 trillion has been spent by the global North on international aid in the last five decades. Nevertheless, close to half of the world's population still lives in poverty. One in five live in extreme poverty. Aid is not working as well as it should. Unless we can inject the spirit of innovation into this provision, the extreme poor we try to help in places like Bangladesh will continue to remain poor.
Mobile technology has the greatest chance of delivering financial services to Africa’s estimated 325 million low-income, un-banked people. Examples of African financial innovations abound and the results are being felt across the continent, where mobile phone penetration continues to skyrocket. Dianna Games writes about the success stories and the need for investors to think from the ground up.
He would have been a hardcore banker had he not branched out to microfinance. And that was because “it is a business with a social mission offering double bottom line satisfaction to all stakeholders”. Udaia Kumar, MD Share Microfin Limited Interviewed by Pranab Ghosh, Hindustan Times.
2010 Legatum Africa Awards to Recognise and Reward Africa's Entrepreneurial Business Leaders. Awards Ceremony to be Hosted in Accra, Ghana
A fresher, integrated approach to workplace learning can have a positive role in India's ability to turn its unique demographics into a dividend writes Angie Taras
Grameen Phone and its Village Phone Initiative is akin to a public pay phone microenterprise run by a rural woman. A Grameen Bank borrower uses their loan to become a Grameen Phone microfranchisee. The new business owner gains access to the branding, training, and partners of Grameen Phone. To date there are over 200,000 Village Phone operators in rural areas bringing increased access to regional markets, knowledge, and services to the rural poor.
Forty percent of the world's population lives on less than $2 per day, according to the World Bank. Yet even in the midst of the current economic meltdown, there is reason for new optimism in the fight to reduce global poverty. The optimism starts with the evolution of microfinance, which has proved not only that the poor are credit-worthy, but that banking institutions serving the poor are investment-worthy. In addition, microfinance is tapping into a technological revolution that enables areas with deficient land phone service to leapfrog ahead to cellphones and broadband. And, as this takes place, both philanthropy and capital markets are paying careful attention.
The National Employment Fund wants to improve the performance of microfinance institutions in Cameroon, considering the role the sector plays in the country's economy. A workshopo was organised to that effect yesterday in Yaounde to build the capacity of workers and render the sector more productive.
“IF WE stop thinking of the poor as victims or as a burden and start recognising them as resilient and creative entrepreneurs and value-conscious consumers, a whole new world of opportunity will open up.” That “simple proposition” begins a controversial new management book that seems destined to be read not just in boardrooms but also in government offices. “The Fortune at the Bottom of the Pyramid. Eradicating Poverty Through Profits” (Wharton School Publishing), is essentially a rallying cry for big business to put serving the world's 5 billion or so poorest people at the heart of their profit-making strategies.
Informal employment is at record levels worldwide with severe consequences for poverty in poor countries, according to “Is Informal Normal?”, a new report by the OECD Development Centre.
The Federal Government is fine-tuning a multi sectoral arrangemments to create one million jobs capable of generating several thousands more employment opportunities this fiscal year, Youth Development Minister, Senator Akinlabi Olasunkanmi, has disclosed.
Welcome to this blog about Microfinance, Innovations and Sustainable Development